Uber Technologies, Inc. 401(k) Review & Grade
Uber Technologies, Inc. 401(k) Plan
San Francisco, CAInformation10,146 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,735Employer $ per active participant
$18,086Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$82,487Average balance per account
Score breakdown
- Employer generosity41.4 / 5083th percentile for employer $ per participant
- Low cost21.6 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 10,000+ active participants (30 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 86th |
| Employee saving | 76th |
| Peers that auto-enroll | 60% |
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($133,344 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $56,981 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Uber Technologies put in about $7,735 per active participant, more than the typical peer ($5,217). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $78,472,792 |
| Participant (employee) contributions | $183,490,712 |
| Other contributions (incl. rollovers in) | $33,625,715 |
| Administrative expenses paid from the plan | $321,520 |
| Contract administrator fees | $2,100 |
| Benefits paid out | $94,558,500 |
| Net assets, start / end of year | $1.0B / $1.4B |
| Active participants, start / end of year | 10,014 / 10,277 |
| Participants with account balances | 17,252 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Moss Adams LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $322,642 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250606122700NAL0012652977001, received 2025-06-06, EIN 45-2647441, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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